Trading ended for the second consecutive days with 4 stocks closing at 52 weeks’ lows as demand for stocks remain low on the Trinidad & Tobago Stock Exchange as sellers offload stocks at lower prices, helping to push the all Trinidad index down nearly 10 percent for the year to date.
The market closed with 15 active securities changing hands on Wednesday with only 2 stocks gaining, 7 declining while 6 remained unchanged as selling pressure continues in the market. Trading ended with 570,894 shares valued at $6,951,799 changing hands. The Composite Index declined by 0.31 points to close at 1,119.00, the All T&T Index eased 0.57 points to close at 1,787.01 and the Cross Listed Index declined by 0.01 points to 59.91. Interestingly, the index for cross listed stocks is up 21 percent for the year to date and helped to negate the fall in the Composite Index to just 4 percent, the All T&T Index has lost 8 percent and seems destined to decline some more with weak demand for Trinidad stocks.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 6 stocks with the bid higher than the last selling prices and 7 with offers that were lower.
Gains| Trinidad and Tobago NGL gained 7 cents, to close at $19.62 with 4,461 shares trading and Guardian Holdings traded 470,714 shares valued at $6,119,282 to close at $13 after rising by 1 cent.
Losses| Clico Investment Fund traded 2,250 units at $22.55 after shedding 5 cents, First Citizens Bank traded 325 shares but fell 8 cents to end at a new 52 weeks’ low of $33.10, Massy Holdings lost 1 cent to close at 52 weeks’ low of $49.99 with 119 shares. Republic Financial fell to a 52 weeks’ low of $108.80 with a loss of 15 cents as 2,909 units changed hands, Sagicor Financial Corporation traded 69 units but fell 2 cents to $7.13.
Scotiabank had 2,525 shares trading at $54.97 after falling 3 cents for a 52 weeks’ low and Scotia Investments traded 57,768 shares and fell 2 cents to close at $1.62.
Firm Trades| Guardian Media closed at $19.75 with 495 shares traded, JMMB Group closed at 58 cents with 2,000 shares changing hands. National Commercial Bank closed with 20,000 shares trading at $2.35, One Caribbean Media traded just 70 shares and ended at $21.48, Point Lisas Industrial Port Development traded 9,000 at $3.94 and West Indian Tobacco traded 650 shares to close at $126.36.
All TTSE index down 8% in 2016 – Wednesday
TTSE closed down on Friday
Angostura gained at the close of trading on Friday
The Composite Index lost 1.54 points to close at 1,130.22, the All T&T Index fell 2.31 points to close at 1,807.52 and the Cross Listed Index fell 0.10 point to end at 60.16.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with the bid higher than the last selling price and 7 with offers that were lower.
Gains| Angostura Holdings ended with 36,541 shares changing hands and gained 2 cents to close at $13.20, Scotia Investments contributed 21,683 shares and gained 2 cents to close at $1.62 while Trinidad and Tobago NGL gained 3 cents to close at $20.55 with only 200 units traded.
Losses| First Citizens fell 48 cents to close at a new 52 weeks’ low of $33.50 with 2,727 shares trading, Massy Holdings ended with 200 shares changing hands as the price dropped by 2 cents to end at a 52 weeks’ low of $54.73.
Sagicor Financial closed at $7 with 123,260 units valued at 863,325 changing hands after losing 1 cent and Trinidad Cement lost 1 cent in trading 200,000 shares valued at $698,967 changing hands to close at $3.49.Firm Trades| Clico Investment Fund ended at $22.51 with 45,536 shares valued at $1,025,015 changing hands, National Flour closed with 20,200 shares changing hands at $2.25 and Republic Financial Holdings closed at $111 with 36 shares changing hands.
More losses for JSE on Monday
The main market of the Jamaica Stock Exchange declined on Monday with declining stocks having the upper hand on advancing stocks as 39 securities changed hands, in all market segments. The market ended with 12 rising and 19 declining and 1 closing at 52 week’s highs with one trading at an intraday high and two at 52 weeks’ lows.
The market closed with 5,066,741 units valued at $71,621,336 changing hands in all markets. The junior market accounted for 693,955 units that changing hands, valued at $2,269,270.
The JSE Market Index fell 501.81 points to end at 152,589.27, the all Jamaica Composite Index dropped 561.21 points to end at 169,482.30 and the JSE combined index lost 611.34 points, to close at 161,081.19.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 9 stocks with bids higher than their last selling prices and 5 with lower offers.
At the end of the market activities, Cable & Wireless traded 1,379,317 units, to close with a 5 cents loss at $1.20, Caribbean Cement gained $2 with 11,815 shares changing hands to end at $27, Carreras lost 5 cents in trading 23,490 shares to end at $66.10. Grace Kennedy closed with 6,200 shares changing hands at $82, Jamaica Broilers traded 143,699 units to close at $14.50 after shedding 30 cents, Jamaica Producers lost 10 cents to close at $31 with 16,037 units changing hands. JMMB Group added 90 cents as 4,500 shares changed hands at $10.90, Kingston Wharves traded 5,098 shares to close at $11.30 with a loss of 20 cents, Margaritaville (Turks) traded 540,951 shares to record an intraday 52 weeks’ high of 18 US cents closed with a loss of 1.5 cents at 14.5 cents. Mayberry Investments fell by 50 cents in trading 5,180 shares to end at $4. National Commercial Bank recovered $1.20 with 143,943 shares changing hands to close at $41.25, Pan Jamaican Investments fell 5 cents in trading 3,500 shares to close at $93, 
Radio Jamaica traded 11,491 shares but rose 6 cents to close at $1.46 at the close the stock was on offer at $1.40. Sagicor Group fell 20 cents and ended with 1,693,025 shares changing hands at $23.50, Sagicor Real Estate Fund traded 14,707 shares to close with a loss of $1 at $10. Scotia Group traded 83,884 shares to close at $30, Scotia Investments fell 5 cents with 18,570 shares changing hands to end at $27.95. Supreme Ventures closed at $4.95 with just 3,920 units changing hands, having lost 4 cents and Proven Investments ordinary shares traded 11,433 units to end at a 52 weeks’ low of 17 US cents down from 17.5 cents previously and Proven Investments preference share traded 250,920 units but remained unchanged at $5.
Modest gains for TSE stocks – Tuesday
The slide on the Trinidad & Tobago Stock Exchange continued on Tuesday as trading ended with 484,267 shares valued at $851,140 changing hands. A total of 11 securities traded with 3 falling, 2 gaining while 6 remained unchanged. Two stocks closed at 52 weeks’ lows.
The market closed with the Composite Index advanced by 0.26 points to close at 1,129.59, the All T&T Index advanced by 1.03 points to close at 1,805.17 and the Cross Listed Index declined by 0.07 points at 60.31.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 6 stocks with the bid higher than the last selling price and 6 with offers that were lower. The market still reflects signs of weakness with about a third of the listings with no bids to buy.
Gains| ANSA McAl added 1,491 shares and gained 50 cents to end at $63 and National Enterprises closed with 20,111 shares changing hands at $9 after gaining 1 cent.
Losses| Massy Holdings had 259 shares changing hands with the price declining by 11 cents to end at a 52 weeks’ low of $54.88.
One Caribbean Media traded 275 shares and fell 22 cents to end at a 52 weeks’ low of $21.75 and Scotia Investments with 149,294 shares valued at $257,727 changing hands, closed at $1.60 for a drop of 21 cents.
Firm Trades| Agostini’s ended with 1,000 shares changing hands to close at $17.01, Firstcaribbean International Bank closed at $6.50 with 1,516 units changing hands, JMMB group traded 290,655 shares to close at 59 cents. Point Lisas traded 13,553 shares at $4.05, Sagicor Financial closed at $7.01 with 5,913 units changing hands and Trinidad and Tobago NGL closed at $20 with 200 units changing hands.
No end to TTSE slide – Tuesday
The slide on the Trinidad & Tobago Stock Exchange continued on Tuesday as trading ended with 891,703 shares valued at $8,121,426 changing hands. A total of 16 securities traded with 5 falling, 8 gaining while 3 remained unchanged. Two stocks closed at a 52 weeks’ low.
The market closed with the Composite Index declined by 3.31 points to close at 1,135.45, the All T&T Index fell by 7.61 points to close at 1,816.51 and the Cross Listed Index rose 14 points to 60.35.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 4 stocks with the bid higher than the last selling price and 9 with offers that were lower. More telling is the fact that about a third of the listings, have no bids to buy, a clear sign of a weakness.
Gains| Clico Investments Fund ended with a volume of 19,110 shares valued at $430,977 to end with a gain of 1 cent at $22.56, Guardian Holdings ended trading 54,007 shares valued at $751,021 but rose 15 cents to close at $13.95, JMMB Group contributed 348,525 shares but gained 3 cents in closing at 60 cents. National Flour ended with 707 shares changing hands and closed with a gain of 5 cents at $2, Point Lisas closed with 6,532 shares trading 5 cents higher at $4.05. Sagicor Financial Corporation closed with 202,800 shares valued at $1,415,578 changing hands to end with a rise of 1 cent at $6.99, Scotia Investments contributed 197 shares, gained 6 cents to close at $1.81 and Trinidad and Tobago NGL ended trading 26,838 shares valued at $511,789 but rose 2 cents to end at $19.08.
Losses| Ansa McAl traded 20,200 shares valued at $1,270,570 but lost 50 cents to close at a new 52 weeks low of $62.85, First Citizens traded 10,029 shares with a value of $347,991 but lost 4 cents to end at $34.70. National Enterprises closed with 8,462 shares changing hands at a 52 weeks’ low of $9.49 after falling by 51 cents, 
Republic Financial Holdings dropped 19 cents to close at $112 with 13,447 shares valued at $1,506,251 changing hands and West Indian Tobacco traded 3,300 shares valued $416,691 but lost 1 cent in ending at $126.27.
Firm Trades| Firstcaribbean International Bank closed at $6.50 with 171,500 units valued at $1,114,750 changing hands, Grace Kennedy traded 5,397 shares to end at $5.20 and Guardian Media traded 652 shares with the price remaining at $19.75.
TTSE stocks closed down – Monday
Grace Kennedy closed at a 52 weeks’ high on Monday
The slide on the Trinidad & Tobago Stock Exchange continued on Monday with trading ended with 271,900 shares valued at $5,178,918 changing hands. A total of 12 securities traded with 3 falling, one gaining while 8 remained unchanged. A total of 1 stock closed at a 52 weeks’ low and one at a 52 weeks’ high.
The market closed with the Composite Index falling 1.07 points to close at 1,159.44, the All T&T Index dropping 1.62 points to close at 1,865.06 and the Cross Listed Index declined by 0.07 points to close at 60.22.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 3 stocks with bids higher than the last selling price and 10 with offers that were lower. More telling is the fact that about a third of the listings have no bids to buy.
Gains| Grace Kennedy gained 2 cents to close with 500 units changing hands to close at $5.15.
Losses| JMMB Group traded 15,406 shares to close with a loss of 2 cents at 58 cents. Massy Holdings ended with 60,200 shares with a value of $3,426,958 changing hands as the price dropped $1.04 to end at a 52 weeks’ low of $56.75 and Scotia Investments closed with a loss of 5 cents at $1.75 while trading 98,856 shares.
Firm Trades|Clico Investments traded 26,975 shares with a value of $608,779 to close at $22.55, First Citizens traded 16,000 shares at $34.99, Firstcaribbean International Bank closed with 19,723 units changing hands at $6.50, National Commercial Bank had 25,000 shares changing hands to close at $2.40, National Flour closed with 3,400 shares changing hands at $1.95. Point Lisas closed with 5,000 shares trading to close at $4, Sagicor Financial Corporation closed with 6,569 shares changing hands to close at $7 and Trinidad and Tobago NGL ended trading 7,677 shares to close at $19.
TTSE stocks slip again on Tuesday
Trading activity ended on the Trinidad & Tobago Stock Exchange on Tuesday with 330,345 shares valued at $5,414,285 changing hands. All three market indices declined, continuing a negative trend, in evidence for 2016. The market ended with 15 active securities of which, 4 rose, 4 fell and 7 remained unchanged. One stock ended at 52 weeks’ low at the close.
The Composite Index lost 2.79 points to close at 1,163.17, the All T&T Index dropped 5.49 points to close at 1,885.38 and the Cross Listed Index declined 0.01 points to close at 58.44.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with 5 stocks with bids higher than the last selling price and 8 with offers that were lower.
Gains|Clico Investments traded 199,522 shares valued at $4,492,875 to close 1 cent higher at $22.52, Guardian Holdings rose 4 cents with 36,036 shares valued at $493,676 changing hands to end at $13.70. Scotiabank closed with 100 shares changing hands with a 1 cent rise, to end at $59.75 and West Indian Tobacco traded 1,547 shares to close at $126.28 after rising 3 cents.
Losses| Massy holdings closed with only 50 shares trading a with a loss of 4 cents at $57.94 for a new 52 weeks’ low, National Enterprises closed with just 10 shares changing hands at $13.99 after dropping 46 cents, to close at a 52 weeks’ low. 
Sagicor Financial Corporation closed with 2,000 shares changing hands with a loss of 1 cent at $6.99 and Trinidad and Tobago NGL lost 3 cents in trading a mere 10 shares to close at $18.91.
Firm Trades| Ansa Merchant Bank contributed 490 shares in closing at $38.95, First Citizens traded 10 shares at $34.99, JMMB Group closed with 21,798 shares changing hands at 60 cents, Guardian Media ended trading with 1,365 shares changing hands at $19.75. National Commercial Bank had 5,238 shares changing hands to close at $2.45, Republic Financial Holdings closed at $112.18 with 170 shares changing hands and Scotia Investments closed at $1.90 while trading 62,000 shares.
Premium for Jamaican stocks remains – TTSE
Grace Kennedy and Scotia Investments (SIJL) continue to trade in Trinidad at a huge premium to the prices in Jamaica on Monday although SIJL slipped at the end of trading. Trading activity ended on the Trinidad & Tobago Stock Exchange on Monday with 352,423 shares valued at $7,434,679 trading, with the market indices falling. The market ended with 10 active securities of which, 2 rose, 3 fell and 5 remained unchanged. One stock ended at 52 weeks’ low at the close.
The Composite Index lost 1.06 points to close at 1,165.96, the All T&T Index dropped 1.72 points to close at 1,890.87 and the Cross Listed Index declined 0.05 points to close at 58.45.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with 5 stocks with bids higher than the last selling price and 9 with offers that were lower.
Gains| Clico Investments traded 40,000 shares valued at $900,700 to close at $22.51, Republic Financial Holdings closed with a gain of 2 cents to $112.18 with 7,210 shares valued at $808,818 changing hands.
Losses| ANSA McAL contributed 85,000 shares with a value of $5,418,750 but lost 23 cents in closing at a 52 weeks’ low of $63.75, Scotia Investments fell 10 cents to close at $1.90 while trading 17,822 shares and Unilever Caribbean fell by $1.81 with 2,114 shares trading to close at $66.
Firm Trades| Grace Kennedy closed with 200 shares changing hands at $5.01, JMMB Group traded 196,232 shares at 60 cents, National Commercial Bank had 200 shares changing hand to close at $2.45, Point Lisas traded 145 shares at $4 and Trinidad Cement traded 3,500 shares to end at $3.75.
Scotia Investments at new high on TTSE – Thursday
Scotia Investments ended at a 52 weeks’ high on Thursday.
The Composite Index lost 0.41 points to close at 1,168.86, the All T&T Index dropped 1.38 points to close at 1,896.69 and the Cross Listed Index gained 0.08 points to close at 58.44.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with 5 stocks with bids higher than the last selling price and 10 with offers that were lower.
Gains| Republic Financial Holdings gained 1 cent to close at $112.15 with 275 shares valued at $1,162,763 changing hands and Scotia Investments climbed 9 cents to close at a 52 weeks’ high of $1.90 while trading 824 shares.
Losses| Guardian Holdings closed with 65,147 units for a value of
$889,930 changing hands at $13.70 after losing 25 cents, Massy Holdings traded 23,548 shares to close at a 52 weeks’ low of $57.98 after slipping 2 cents and Trinidad and Tobago NGL lost 2 cents and closed at $18.98 with 7,698 units trading.Firm Trades|Ansa Merchant Bank traded 10 units at $38.95, Clico Investments traded 48,229 shares to close at $22.50, First Citizens traded 704 shares at $35 and West Indian Tobacco traded 268 shares to close at $126.28.
4 TTSE stocks rose 2 down – Thursday
Scotia Investments ended at a 52 weeks’ high on Thursday of $1.72.
The Composite Index lost 0.07 points to close at 1,160.33, the All T&T Index fell 0.80 points to close at 1,901 and the Cross Listed Index gained 0.09 points to close at 55.52.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with 7 stocks with bids higher than the last selling price and 11 with offers that were lower.
Gains| Clico Investments traded 25,505 shares valued at $574,135 to close at $22.55 with a gain of 5 cents, JMMB Group traded 175,000 shares and gained 1 cents to close at a 52 weeks’ high of 60 cents. National Flour traded 49,470 shares and rose 1 cent to close at $1.80 and Scotia Investments contributed 199,594 shares while gaining 2 cents to close at a 52 weeks’ high of $1.74.
Losses| Massy Holdings fell 15 cents to close at a 52 weeks’ low of $59 with 1,130 shares changing hands and Unilever Caribbean ended with 295 shares trading at $67.81 after slipping by 1 cent.Firm Trades| Ansa Merchant Bank traded 2,000 units at $38.95, First Citizens had 71,049 shares with a value of $2,486,715 changing hands at $35, Trinidad and Tobago NGL closed at $19 with 51 units trading, Trinidad Cement traded 8,025 shares at $3.51 and West Indian Tobacco closed at $112.30 with 279 shares changing hands.